Between 5. 25 and 5. 5 . Months ago, many had forecast that this rate would be ready to cut around now but the latest Inflation Figures have dampened expectations as prices rose at 3. 5 in the year to march, which was higher than the february figure of 3. 2 . The feds target for inflation, like most Central Banks, is for 2 . So still some way to go. And those price rises are feeding into some wider negative sentiment. The latest report from the economic think tank the Conference Board shows that Consumer Confidence is falling with people more downbeat about future business conditions, jobs and income. To delve into that report joining me now is sara murray global managing director at the Conference Board international. Thank you forjoining us today. Take us in to the mind of American Consumers right now. How are they feeling . As you said, confidence has deteriorated to the Conference Board run the Consumer Confidence index and have been doing it for over 50 years and it has gone down
The holiday. Lets get this show on the road, power lunch starts right now welcome to power lunch. Im will stocks lower this hour, nasdaq and russell 2,000 did manage to hit record highs before pulling back Oil Pushing Higher in more than two years and check out individual movers as well. Amazon hitting alltime highs today. Under armour reing but the stock on pace for its worse year ever. More than that ahead serna, expected to announce a deal with the company and gamestop rallying posting strong results. Michele . We begin with this hour with ubers hack attack millions all over the world have been affected whats causing outrage however, uber paid money to cover it up joining us now with the latest, deadria . Hey, michele, the names, emails, drivers license numbers of 57 million riders and drivers were exposed uber paid as you said 100,000 in hush money to the hackers and hid the breach for the public and regulators for a year. Drivers are only now finding out if they were affected. I s
At 12 45, dallas fed president Robert Kaplan speaks. At 1 10, President Trump will be in miami to discuss changes he is making on the u. S. Restrictions to travel to cuba. He is tapping off quite a week for his administration. Here is kevin cirilli. I do not know where to start, cabinet. Why dont we start with the investigations . What is the latest . Should we be focused on it quite as much as we are . Kevin the white house will say no and a democrats will say yes and i think that answers lie in the middle. Isht now, the administration pushing back hard against the notion that a shoe is about to drop in terms of the investigation with the russian probe and they feel adamant there is not enough evidence for that part the president s personal attorney, Marc Kasowitz , is pushing back. There are allegations. The fact of the matter is until the investigation and the probes are put forward and made public month they will keep having these types of problems. Keep havinghey will these types
Getting through as many as we can. Its a jampacked two hours. Why niles shorts amazon on the back of the deal, and former walmart ceo, bill simon, why walmart has more to worry about other than amazon. Bill miller, a bull on the stock, and talking to him about valeant, and alexander accosta reacting to President Trumps comments on cuban policy lets get to it we have details of the amazons deal to buy whole foods and what it means for rivals. Mike, this is a little bit of what it means because ramifications have many, many ripple effects, but the deal to buy whole foods makes it amazons biggest acquisition to date, and one thats royaling grocery and retail stocks. Amazon says it will maintain the whole foods brand with the ceo and cofounder somedaying at the helm, for now. The overlapping is high already, and the stores are are located close to many amazon distribution centers, which is an interesting point the partnership certainly arms whole foods with logistics and data expertise, an
After he had shot mike. Reporter sean says he knew, liked and respected benson louie and wayne chan. Cannot speak enough of how awesome they were and theyre good guys. Reporter as for mike lefiti. Est close to me. He was close to me. And i think its hard to lose all of them but mike was hard to deal with me for me personally. Reporter he knew jimmy, too. I spoke to him tuesday night after work. We joked. We laughed and we went home. Reporter he says there were no visible signs which makes it more confusing and painful. You dont understand, like, how that could happen. Or why those people . Reporter we have heard complaints about tough hours and a challenging culture at u. P. S. Over the past few days. Sean echoes that saying, its a good job. But a stressful one. I hope that if work was a mitigating circumstance to jimmy and thats partially what caused this, that its something that we can all see that we need to change. Reporter coach says he is also dealing with a good amount of surviv